Tesla said, “The fair market value of our bitcoin holdings as of December 31, 2021, was $1.99 billion.” crypto cryptocurrency $BTC
Tesla Holding Bitcoin Worth $2 Billion — Sees Crypto as Both Investment and Liquid Alternative to Cash
Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash.Tesla filed an annual report with the U.S. Securities and Exchange Commission Friday.
“We continue adapting our investment strategy to meet our liquidity and risk objectives, such as investing in U.S. government and other marketable securities, digital assets and providing product-related financing,” the company wrote, adding:The report explains that Tesla bought $1.5 billion worth of bitcoin in early 2021 and later accepted the cryptocurrency as a form of payment for certain products in some regions.
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